Business Rebates
Save on Space and Water Heating Equipment for Your Business
Improving energy efficiency at your commercial facility, school or business is one of the easiest ways to reduce operating costs. New Mexico Gas Company offers instant rebates when you replace old space and water heating equipment. Your participating contractor or distributor will even complete the installation and paperwork.
Benefits of Replacing Space and Water Heating Equipment
Making energy-saving upgrades now will help increase your bottom line and lower your energy costs for years to come, plus:
1
Reduce Overhead
Spend less on your operating costs.
2
Improve Comfort
Enhance the environment for customers and employees.
3
Decrease Maintenance
Save time and money with fewer maintenance needs and unexpected downtime.
4
Increase Efficiency
Save energy with reliable, high-efficiency equipment.
5
Instant Rebates
Instant rebates are available on high-efficiency equipment when you have a participating contractor or distributor install your equipment.
How It Works
High-efficiency space and water heating equipment must be purchased on or after April 1, 2023 and installed by March 31, 2024. Rebate applications must be received by April 30, 2024. See Program Terms and Conditions for additional details.
| Space Heating Available Rebates | ||
|---|---|---|
| Equipment Type | Efficiency Rating | Instant Rebate Amount |
| Gas Furnaces | ||
| Furnaces | Up to 225 MBH, AFUE ≥ 95% | $324 |
| Furnaces | Up to 225 MBH, AFUE ≥ 96% | $375 |
| Gas Boilers | ||
| Hot Water Boiler | up to 300 MBH, AFUE ≥ 85% | $90 |
| Condensing Boiler | up to 300 MBH, AFUE ≥ 92% | $240 |
| Hot Water Boiler | 300–2500 MBH, AFUE ≥ 83% | $630 |
| Condensing Boiler | 300–2500 MBH, AFUE ≥ 92% | $1,680 |
| Hot Water Boiler | > than 2500 MBH, AFUE ≥ 83% | $1,350 |
| Condensing Boiler | > than 2500 MBH, AFUE ≥ 92% | $3,600 |
| Combination Boiler/Water Heater | Gas Boiler Rebate + Gas Tankless Rebate | |
| Water Heating Available Rebates | ||
|---|---|---|
| Equipment Type | Efficiency Rating (UEF) | Instant Rebate Amount |
| Gas Storage Water Heaters/td> | ||
| Small Storage Water Heater | 40–75 MBH, EF ≥ 0.80 | $115 |
| Large Storage Water Heater | 75–300 MBH, EF ≥ 0.90 | $300 |
| Large Storage Water Heater | 75–300 MBH, EF ≥ 0.95 | $330 |
| Gas Tankless Water Heaters | ||
| Small Tankless Water Heater | (50–200 MBH, EF ≥ 0.87) | $300 |
| Large Tankless Water Heater | 200–300 MBH, EF ≥ 0.90 | $480 |
| Large Tankless Water Heater | 200–300 MBH, EF ≥ 0.94 | $600 |
Customers who receive natural gas service from New Mexico Gas Company, as evidenced by the New Mexico Gas Company commercial customer account number, are eligible.
How to Participate
Improve energy efficiency at your business in four easy steps:
2
Work with your participating contractor or distributor to identify the best, energy-efficient equipment for your business’s unique needs
3
Choose your upgrades and have your participating contractor or distributor perform the installations
4
Your NMGC instant rebate will be reflected on your invoice